Ford shares drop as supply snags and costs hurt profit forecast
Business & Finance
29 October 2024, 6:13 am 1 minute
Reuters was nearly a minute ahead on Ford lowering its annual profit guidance, blaming supplier disruptions and warranty costs amid a global price war fueled by overcapacity. The news sent the automaker’s shares skidding 5% after-market on Monday, and as much as 6% premarket on Tuesday.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story